of the ways and means committee in the house,sandylevin, thatcalled for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issu

conservative like a rush limbaugh, sean hannity,marklevinetoeven things out a little bit and challenge the democrat in the general election in ways that they don't. we had other stories that were big media stories in 2012. you remember the unfortunate shooting in aurora, colorado, where abc's brian ross, went on the air and looked up in the phone book and found a name that matched the alleged shooter and concluded, gee, he must be part of the tea party. this is the kind of stuff that passes for sober analysis with the mainstream media. there are many others but those two stand out in my mind immediately. jon: christie, your favorites of the year? >> well it is not a surprise i disagree with cal on this one. look, i think the biggest media failure of is the year is failure to report the extreme lurch to the right of the republican party, a party that had gone from being conservative opposition party to one that is more about the transvageal ultrasound, banning of contraception and one that stopped trying to problem solve and now more interested in obstruction. i think that is because th

tosenatorslevinandmccain. live on c-span. >> why don't we give them a bunch over here? ok, sorry for the delay. we thought we had the vote, but there was no vote. senator mccain and i are part of a group of eight senators who have been working for about a month to come up with a proposal for our leaders and our conferences, which will hopefully overcome the gridlocked that has so permeated the u.s. senate. the eight senators who have participated in this effort are myself, senator mccain, senator schumer, senator alexander, senator cardin, senator kyle, senator prior, and senator barasso. it is a bipartisan proposal and we believe strongly we must reform the senate's procedures if it is going to do business more efficiently and fairly. there are many parts to our proposal, i would say the key number-one part is to give the majority leader options to overcome the filibuster and the threat of a filibuster on a motion to proceed. that has been the greatest problem around here in terms of getting to the business of working on bills. we cannot get to bills if there is a filibuster or

on your screen now! david: joining the company now from chicago islarrylevinwithtrading advantage. larry, we hear a lot of theoretical talk, political talk about the fiscal cliff, let's get real specific. we actually have a chart of how much you're paying in taxes now on the left and this is how much extra you would pay if you go off the fiscal cliff. so look at that, if you're 50,000, you pay about 1200 bucks more. 100,000, $3600 more. how specific -- that's how it would affect individual income tax. how would it affect the economy and specifically the commodity trading that you do? >> well, it's for the stock indexes that i trade, the s&p and dow jones those markets i think will take a very large hit. in fact a good example of that would be what we saw about week and a half ago when we saw the republicans come in with the vote and then tend up not taking the vote at all. we saw the s&ps lose about 30 handles overnight, got a lot of that back because everybody thought they would go back and talk again. that's a really good example, a little bit of foreshadowing if you will of wha

committee in the house,sandylevin, thatcalled for this legislation. the speaker was going to bringia it up to kill it, but he u couldn't kill it, and then hekil moved to plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effore to send us manager. he couldn't even -- to send us something.he he couldn't even pass it amongre republicans, it was so absurd. he, meaning the speaker. so it's very clear, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give 'em two not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over the basically, is waiting for january 3rd. now, the present campaigned on raising taxes on people making more than $250,000 a year.l the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he campaigned on this issue. again, the speaker can't take yes for an answer. th

in the house,sandylevin, thatcalled for this legislation. the speaker was going to bring it up to kill it but he couldn't kill it. and then we moved to albany b, b, -- plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among republicans, it was so absurd, he meaning the speaker. so it's very clear now, mr. president, that the speaker's number-one goal is to get elected speaker on january 3. the house is not even here. he's told me he will give them two days to get back here, 48 hours. not two days. 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over this country because the speaker basically is waiting for january 3. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the s